Alkimos Beach Investment Opportunity on the Rise
The Perth residential property market has shown impressive growth rates during 2022 and is outperforming Sydney and Melbourne in price growth, according to the Real Estate Institute of WA (REIWA).
Despite being on track to achieve the 10 per cent price increase forecast by REIWA by the end of the year, Perth continues to be one of the most affordable capital cities in Australia, with median house prices well below that of its eastern counterparts.1 Named one of the world’s most liveable cities by the Global Liveability Index 2021, Perth represents a strong opportunity for private investment, with increasing market demand for house rentals in quality locations.
On Perth’s sunny north-west coastline, just 40 minutes from the CBD, Alkimos Beach offers a beachside lifestyle among a sustainable community.
Alkimos’ median sale price for homes has grown by an impressive 13.2 per cent over the past year, while high demand for rentals has pushed median asking rent up 21.4 per cent in the past 12 months.2 With a median rental yield of 5.1 per cent2, Alkimos offers long term investors the opportunity to secure beachside property in an amenity-rich location and capitalise on the benefits of future infrastructure projects.
Providing rapidly growing amenity and public infrastructure, DevelopmentWA’s future Alkimos city centre, Alkimos Central, will provide residents with key services, employment, shopping, dining, recreation, and major transport links, such as Alkimos Train Station being delivered by METRONET as part of the Yanchep Rail Extension, connecting directly to Perth’s CBD.
Alkimos Beach is a prime choice for high quality tenants seeking a coastal family home in an established community, with convenient access to shopping and dining, schools, and medical care, all within walking distance to the region’s premier swimming beach.
Development partners Lendlease and DevelopmentWA have focussed on delivering a thoughtfully planned, innovative and sustainable coastal community. Investing here will be an investment in one of Australia’s most sustainable communities, the first to be awarded the 6 Star Green Star accreditation from the Green Building Council of Australia, representing world leadership in sustainability, and previously awarded Best Residential Community in Australia by the Urban Design Institute of Australia and the Best Masterplanned Community in Australia by the Property Council of Australia.
Energy-efficient homes and eco-friendly communities are becoming increasingly popular among renters for both their environmental and bill-busting benefits. Coupled with an increasing work from home trend, renters are increasingly savvy about the neighbourhood and home they select. Features impacting tenants’ choices include smart design, insulation, energy-efficient hot water systems, energy-efficient heating and cooling, and solar power, according to the realestate.com.au Insights Energy Efficiency Housing Report.
Alkimos Beach offers a range of block types, from terrace lots to more generous lots of over 600sqm. When building here, investors can take advantage of upfront savings on several sustainable home features, including a $4,000 rebate towards solar panels, energy-efficient air conditioning and energy-efficient hot water systems.^ And when it comes time to sell, these sustainable inclusions may contribute to the market attractiveness of the property in the future.
Investing in Alkimos Beach is a smart choice for sustainably minded investors seeking a location that offers clear benefits for future tenants and the environment alike.
^Terms and conditions apply. See contract of sale.
1 REIWA, Perth outperforming Sydney and Melbourne for price growth in 2022, 1 June 2022
2 CoreLogic Market Trends, Alkimos Suburb Profile, February 2022.